Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Counterweight Ventures LLC

Counterweight Ventures LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,085 shares of the retailer’s stock after acquiring an additional 31 shares during the period. Costco Wholesale makes up about 2.6% of Counterweight Ventures LLC’s portfolio, making the stock its 14th biggest position. Counterweight Ventures LLC’s holdings in Costco Wholesale were worth $3,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AMF Tjanstepension AB acquired a new position in Costco Wholesale in the third quarter valued at approximately $42,896,000. Fiduciary Financial Group LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $249,000. Brown Miller Wealth Management LLC boosted its holdings in Costco Wholesale by 5.1% during the third quarter. Brown Miller Wealth Management LLC now owns 887 shares of the retailer’s stock worth $786,000 after buying an additional 43 shares in the last quarter. Annex Advisory Services LLC grew its position in Costco Wholesale by 7.2% during the third quarter. Annex Advisory Services LLC now owns 26,165 shares of the retailer’s stock valued at $23,196,000 after buying an additional 1,751 shares during the period. Finally, Retirement Planning Group LLC increased its holdings in Costco Wholesale by 0.4% in the third quarter. Retirement Planning Group LLC now owns 33,411 shares of the retailer’s stock valued at $29,620,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,043.81 on Monday. The stock has a fifty day simple moving average of $961.27 and a 200-day simple moving average of $914.43. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.